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Treasury denies Kenya defaulted on SGR loans

Treasury Cabinet Secretary Ukur Yatani. [Wilberforce Okwiri, Standard]

The National Treasury has denied that Kenya was recently fined Sh1.3 billion by China for allegedly defaulting on Standard Gauge Railway (SGR) loans.

In a Thursday statement signed by Treasury Cabinet Secretary (CS) Ukur Yatani, the government said it prioritises debt settlement upon collection of taxes.

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